Dept. of Trans.       SEMI-FINAL   Serial No.  Contract No.                             
                                          06-256-13-59  07-249304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
07-VEN-33-48.5/58.0                    Federal Project:                                 
                                     ACST-P033(63)                                      
                             P-P033(63)                                                 
                                                                                        
Progress payment No. 06            Payment period ending: 06-22-06                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       2,548,956.57      203,932.00                      
2.a. Extra Work                          78,716.03       56,250.34                      
  b. Adjustment Comp.                   -16,845.72      -16,845.72                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        2,610,826.88      243,336.62                      
5. Mobilization                         250,000.00            0.00                      
6. Total Work Completed    2,860,826.88                                                 
7. Deductions                           -10,000.00            0.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            2,850,826.88      243,336.62                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             243,336.62